Are international food price spikes the source of Egypt's high inflation ? (English)

This paper examines whether domestic inflation spikes in Egypt during 2001-2011 were primarily the result of external food price shocks. To estimate the pass-through of international food price inflation to domestic price inflation, two different methodologies are used: a two-step regression model estimates the pass-through in the long run, and a vector autoregression model provides the short-run estimates. The empirical evidence confirms that pass-through...
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Citation

Al-Shawarby, Sherine; Selim,Hoda.

Are international food price spikes the source of Egypt's high inflation ? (English). Policy Research working paper ; no. WPS 6177 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/545831468234313522

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